Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

Over the last year, property investments in Doncaster, 3108 have given investors a capital gain of 0.51%. This compares averagely with the 2.87% for VIC as a whole.

The five-year average increase in median property values for Doncaster,3108 has given property investors a potential capital gain of 30.06% across each of those five years.

Our latest figures would indicate that property sellers in Doncaster are currently offering property investors an average price cut of -7.25% below the asking price at the moment.

In the last year 241 properties changed hands in Doncaster, which puts it as the 71th most active market in VIC when comparing the number of sales per suburb.

Property value increases in Doncaster have tracked close to the VIC average of 6.11% over the last 12 months.

Comparing Doncaster,3108 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Doncaster is giving property investors an average Vendor Discount of around -6.54%. This puts suburb at number 84th in VIC when ranking the most discounted suburbs.

Using the current median advertised rental of $475 and the average annual increase in value of a median property of 2.79%, investors should hope to achieve an overall return of 4.10%

Information supplied by:

Daniel D’Assisi
Assisi Real Estate

M
03 98487888O
0411863338

W
www.assisi.com.auE
daniel@assisi.com.au

Selling points: Doncaster is a wonderful suburb to call home. Doctors and specialists, schools and day care facilities, sports facilities, wonderful night venues and social clubs, a fabulous array of restaurants, gorgeous parks and open spaces, as well as quick access to the CBD via the Eastern Freeway, are only some of the reasons we experience great demand from both new residents and investors. Modern new homes blend nicely with older style homes, and residents enjoy Doncaster's easy and pleasurable lifestyle.

There is a great sense of community and pride in Doncaster and we consider our Manningham sister suburbs of Templestowe/Bulleen etc to be part of this wonderful spirit. The area embraces all nationalities, ages and religions, with a variety of places of worship, social clubs, sports clubs, learning courses, libraries and fitness, swimming facilities. Westfield Shoppingtown is a major shopping, dining and entertainment hub that caters to a varied demographic. The area had greater Melbourne's lowest crime rate, with just fewer than three crimes for every 100 residents in 2011.

Most sought after properties: Low maintenance three-bed, two-bath modern town house accommodation is a stand-out among the diverse range of properties.

Most common properties: Brick veneer three-bedroom family homes on 650m2 to 750m2 are well represented in the suburb.

Top amenities: The local public high schools are listed as some of the state’s finest, together with Westfield Shoppingtown being a go-to destination for locals and residents of surrounding suburbs. Manningham Council in the heart of Doncaster has also just completed the construction of an architectural gem resembling Melbourne’s Federation Square in some ways: The Manningham City Square (MC2), which is set to become a hub of activity with art galleries, cafes, weekend markets, cultural centres and much more.

Local industry and business: An abundance of retail, hospitality, professional services and small businesses all come together to provide ample employment opportunities for local residents.

Recent changes: There has been much change and development with the previously mentioned Manningham City Square, Westfield Shoppingtown extension and upgrade. The rezoning of the Doncaster Hill Precinct has seen the construction of 10 storey apartment blocks, with many more either in planning or currently under way, creating a real hub of activity in the heart of Doncaster.

Best streets: The area surrounding Westfield Shoppingtown will become more desirable in future years, with strong support for a local rail extension to come into the zone, great current bus services, easy access to the Eastern Freeway and a huge amount of development in the Doncaster Hill precinct. These represent great growth opportunities for many years to come.

Public transport: Very good bus services with dedicated lanes, a park and ride facility, easy CBD access and hopefully a rail service in the not too distant future.

Main arteries: With seamless access to the Eastern Freeway, the CBD is less than 15 minutes away and you can enjoy a freeway drive to the beaches of Mornington Peninsula within 40 minutes. Melbourne’s MCG, theatres and famous cultural streets such as Lygon St, Brunswick St and Chapel St are all easily accessible.

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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